AEROMOBILE AS: årsregnskap 2010 vs 2009
Shrank 35% on revenue, cash halved-plus, fresh owner capital
approved 2011-06-30; registry 2011-09-10; journal 2011 742221
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AEROMOBILE AS. Revenue 23.66m NOK → 15.47m NOK (-34.6%). Equity 2.53m NOK → 20.91m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AEROMOBILE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.53m NOK → 20.91m NOK (equity ratio 6.2% → 83.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 1.00× → 6.17×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 10.00m NOK → 20.91m NOK (+10.91m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 23.66m NOK to 15.47m NOK (-34.6% YoY). Calculated
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↓
Cash fell
Bank deposits 32.44m NOK → 1.50m NOK (-95.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 6.46m NOK → 7.29m NOK (27% → 47% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (32.44m NOK → 1.50m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 10.78m NOK → 4.38m NOK (-59.4% YoY). Calculated